northern va market absorption rates for june 2011
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Market Absorption
Virginia
Local Market UpdateJune 2011
Northern Virginia Available UC Abs Rate
< $100,000 30 8 3.75
$100,000–$199,999 214 123 1.74
$200,000-$299,999 572 258 2.21
$300,000-$399,999 810 267 3.03
$400,000-$499,999 702 224 3.13
$500,000-$599,999 655 175 3.74
$600,000-$699,999 436 112 3.89Source: MRIS, Inc.; Northern Virginia is comprised of the Counties of Arlington and Fairfax; and the Cities of
Alexandria, Fairfax & Falls Church. July 18, 2011
Local Market UpdateJune 2011
Northern Virginia Available UC Abs Rate
$700,000-$799,999 356 77 4.62
$800,000-$899,999 238 53 4.49
$900,000-$999,999 154 27 5.70
$1M -$1.49M 422 61 6.91
$1.5M -2.49 254 24 10.58
$2.5 million + 150 4 37.50
Overall 4,993 1,413 3.53Absorption Rate = the number of active listings/by the number of homes marked “under contract” in the past 30 days. The absorption rate is the number of months it would take to deplete the inventory. July 18, 2011
No VA Stats
Avg. SP- +8.25%
Units Sold- -18.03%
DOM- +24.39% to 51 days
Source: MRIS, Inc. June 16, 2011
Local Market UpdateJune 2011
PW & Loudoun Available UC Abs Rate
< $100,000 22 12 1.83
$100,000–$199,999 201 193 2.16
$200,000-$299,999 573 267 2.14
$300,000-$399,999 644 192 3.35
$400,000-$499,999 573 145 3.95
$500,000-$599,999 448 76 5.89
$600,000-$699,999 262 40 6.55Source: MRIS, Inc. July 18, 2011
Local Market UpdateJune 2011
PW & Loudoun Available UC Abs Rate
$700,000-$799,999 151 16 9.43
$800,000-$899,999 105 15 7.00
$900,000-$999,999 54 2 27.00
$1M -$1.49M 110 6 18.33
$1.5M -2.49 58 0 0
$2.5 million + 33 0 0
Overall 3,234 964 3.35Absorption Rate = the number of active listings/by the number of homes marked “under contract” in the past 30 days. The absorption rate is the number of months it would take to deplete the inventory. July 18, 2011
Local Market Update
No. VA Current June 2010 VarAvailable 4,994 5,177 -3.5%
UC Last 30 Days 1,418 1,690 -16%
Sold Last 30 Days 2,001 2,296 -13%
Absorption Rate 3.52 3.06As of July 18, 2011
SELLERS
MARKET
Local Market Update
Fairfax Co. Current June 2010 VarAvailable 3,603 3,647 -1.2%
UC Last 30 Days 1,041 1,256 -17%
Sold Last 30 Days 1,460 1,680 -13%
Absorption Rate 3.46 2.90As of July 18, 2011
SELLERS
MARKET
Fairfax Co. Stats
Avg. SP- +6.36% ($511,278)
Units Sold- -16.73%
DOM- +7.32% to 44 days
Source: MRIS, Inc. July 18, 2011
Local Market Update
Alexandria City Current June 2010 VarAvailable 569 637 -11%
UC Last 30 Days 154 161 -4.3%
Sold Last 30 Days 220 234 -5.9%
Absorption Rate 3.69 3.95As of July 18, 2011
SELLERS
MARKET
Local Market Update
Arlington Co. Current June 2010 VarAvailable 704 777 -9.3%
UC Last 30 Days 186 229 -19%
Sold Last 30 Days 255 318 -20%
Absorption Rate 3.78 3.39As of July 18, 2011
SELLERS
MARKET
Local Market Update
Fairfax Current June 2010 VarAvailable 424 460 -7.8%
UC Last 30 Days 107 156 -31%
Sold Last 30 Days 171 237 -28%
Absorption Rate 3.96 2.94As of July 18, 2011
SELLERS
MARKET
Local Market Update
Fairfax Station Current June 2010 VarAvailable 89 73 +22%
UC Last 30 Days 19 19 0%
Sold Last 30 Days 20 23 -13%
Absorption Rate 4.68 3.84As of July 18, 2011
SELLERS
MARKET
Local Market Update
Clifton Current June 2010 VarAvailable 89 70 +27%
UC Last 30 Days 11 17 -35%
Sold Last 30 Days 24 19 +26%
Absorption Rate 8.09 4.11As of July 18, 2011
Local Market Update
Herndon Current June 2010 VarAvailable 176 188 -6.4%
UC Last 30 Days 82 84 -2%
Sold Last 30 Days 101 111 -9%
Absorption Rate 2.14 2.23As of July 18, 2011
SELLERS
MARKET
Local Market Update
Sterling Current June 2010 VarAvailable 199 248 -20%
UC Last 30 Days 85 101 -16%
Sold Last 30 Days 120 137 -12%
Absorption Rate 2.34 2.45As of July 18, 2011
SELLERS
MARKET
Local Market Update
Vienna/ Oakton Current June 2010 VarAvailable 343 347 -1%
UC Last 30 Days 76 106 -28%
Sold Last 30 Days 131 169 -22%
Absorption Rate 4.51 3.27As of July 18, 2011
SELLERS
MARKET
Local Market Update
Ashburn Current June 2010 VarAvailable 354 342 +3%
UC Last 30 Days 116 107 +8%
Sold Last 30 Days 170 155 +10%
Absorption Rate 3.05 3.19As of July 18, 2011
SELLERS
MARKET
Local Market Update
Reston Current June 2010 VarAvailable 177 250 -29%
UC Last 30 Days 60 104 -42%
Sold Last 30 Days 104 125 -17%
Absorption Rate 2.95 2.40As of July 18, 2011
SELLERS
MARKET
Local Market Update
Centreville Current June 2010 VarAvailable 181 170 +6%
UC Last 30 Days 81 79 +2.5%
Sold Last 30 Days 98 110 -11%
Absorption Rate 2.23 2.15As of July 18, 2011
SELLERS
MARKET
Local Market Update
DC Current June 2010 VarAvailable 2,319 2,804 -17%
UC Last 30 Days 503 605 -17%
Sold Last 30 Days 705 770 -8%
Absorption Rate 4.61 4.63As of July 18, 2011
SELLERS
MARKET
Local Market Update
Prince William Current June 2010 VarAvailable 1,544 1,431 +7.8%
UC Last 30 Days 569 587 -3%
Sold Last 30 Days 585 784 -25%
Absorption Rate 2.71 2.43As of July 18, 2011
SELLERS
MARKET
Local Market Update
Loudoun Co. Current June 2010 VarAvailable 1,692 1,681 +.6%
UC Last 30 Days 395 428 -7.7%
Sold Last 30 Days 571 586 -2.6%
Absorption Rate 4.28 3.92As of July 18, 2011
SELLERS
MARKET
Local Market Update
GPAAR Current June 2010 VarAvailable 1,526 1,484 +3%
UC Last 30 Days 169 150 +13%
Sold Last 30 Days 193 215 -10%
Absorption Rate 9.02 9.89As of July 18, 2011
**Includes Faquier, Culpeper, Orange, Madison and Rappahannock Counties
Local Market Update
BRAR Current June 2010 VarAvailable 1,156 1,424 -19%
UC Last 30 Days 156 166 -6%
Sold Last 30 Days 202 222 -9%
Absorption Rate 7.41 8.57As of July 18, 2011
**Includes Clarke, Frederick, Warren Counties & Winchester City
Local Market Update
FAAR Current June 2010 VarAvailable 1,720 2,003 -14%
UC Last 30 Days 393 359 +9%
Sold Last 30 Days 479 539 -11%
Absorption Rate 4.37 5.57As of July 18, 2011
**Includes Fredericksburg City, Stafford, Spotsylvania, King George and Caroline Counties
SELLERS
MARKET